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Yen firms against dollar and euro in Asia

The yen edged up against the dollar and the euro in Asian trade Tuesday as investors adjusted their positions.

The dollar was trading at 81.42 yen in Tokyo morning trade, down from 81.53 yen in New York late Monday.

The euro was changing hands at $1.3223 and at 107.58 yen compared with $1.3218 and 107.76 yen.

"Although there are risks of a stronger yen coming from position-adjusting after the performances of stock markets in Europe and the United States... the dollar will remain firm against the yen and may reach the 82-yen level," said Masafumi Yamamoto, chief currency strategist at Barclays Capital.